Research Desk Line-up: Movado Post Earnings Coverage
LONDON, UK / ACCESSWIRE / September 7, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Tuniu Corp. (NASDAQ: TOUR), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=TOUR, following the Company's disclosure of its financial results on August 17, 2017, for the second quarter of the fiscal year 2017. The Company's adjusted gross profit increased 84.5% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
Get more of our free earnings reports coverage from other constituents of the Recreational Goods, Other industry. Pro-TD has currently selected Movado Group, Inc. (NYSE: MOV) for due-diligence and potential coverage as the Company announced on August 29, 2017, its financial results for Q2 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Movado when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TOUR; also brushing on MOV. With the links below you can directly download the report of your stock of interest free of charge at:
For the three months ended June 30, 2017, Tuniu's net revenue decreased 81.1% to ¥460.09 million from ¥2.43 billion in Q2 FY16. During Q2 FY17, the Company's adjusted net revenue increased 53.8% to ¥460.09 million on a y-o-y basis from ¥299.10 million in the same quarter of last year.
During Q2 FY17, Tuniu's Packaged Tours segment's adjusted revenue increased 57.7% to ¥339.30 million from ¥215.11 million in the same period of last year. For the reported quarter, the Company's Others segment's adjusted revenue increased 31.7% to ¥120.78 million from ¥87.75 million in Q2 FY16.
For the reported quarter, Tuniu's gross profit increased 87.6% to ¥240.56 million from ¥128.25 million in Q2 FY16. During Q2 FY17, the Company's adjusted gross profit increased 84.5% to ¥240.56 million from ¥130.42 million in Q2 FY16. The increase was due to improved economies of scale; increased operational efficiency; and optimized supply chain management.
During Q2 FY17, Tuniu's S&M expenses decreased 64.3% to ¥221.89 million from ¥620.87 million in Q2 FY16. For the reported quarter, the Company's G&A expenses increased 17.4% to ¥166.10 million from ¥141.46 million in Q2 FY16. For the reported quarter, Tuniu's R&D expenses increased 3.8% to ¥146.60 million from ¥141.26 million in Q2 FY16. During Q2 FY17, the Company's R&D expenses were 31.9% of adjusted net revenue compared to 47.2% of adjusted net revenue in Q2 FY16.
For the reported quarter, the Company's operating expenses decreased 41.1% to ¥529.16 million from ¥898.14 million in Q2 FY16. During Q2 FY17, Tuniu's adjusted operating expenses decreased 44.1% to ¥471.22 million from ¥842.29 million in Q2 FY16.
During Q2 FY17, Tuniu's operating loss was ¥288.61 million compared to an operating loss of ¥769.89 million in Q2 FY16. For the reported quarter, the Company's adjusted operating loss was ¥230.37 million compared to an adjusted operating loss of ¥711.87 million in Q2 FY16.
During Q2 FY17, Tuniu's net loss was ¥270.63 million compared to net loss of ¥754.22 million in Q2 FY16. For the reported quarter, the Company's adjusted net loss was ¥212.39 million compared to adjusted net loss of ¥696.21 million in Q2 FY16. During Q2 FY17, Tuniu's diluted earnings per share (EPS) was negative ¥0.72 compared to negative ¥1.99 in Q2 FY16. For the reported quarter, the Company's adjusted diluted EPS was negative ¥0.57 compared to negative ¥1.84 in Q2 FY16.
As on June 30, 2017, Tuniu's cash and cash equivalents decreased 1.8% to ¥1.07 billion from ¥1.09 billion in Q2 FY16.
During Q2 FY17, the Company's net accounts receivable increased 40% to ¥329.85 million from ¥235.67 million in Q2 FY16.
For the reported quarter, Tuniu's accounts payable increased 14.7% to ¥1.17 billion from ¥1.02 billion in Q2 FY16.
For Q3 FY17, Tuniu expects net revenue to be in the range of ¥761.5 million - ¥787.7 million.
On Wednesday, September 06, 2017, Tuniu's stock closed the trading session at $7.51, marginally falling 0.40% from its previous closing price of $7.54. A total volume of 393.51 thousand shares were exchanged during the session, which was above the 3-month average volume of 179.48 thousand shares. The stock currently has a market cap of $927.94 million.
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SOURCE: Pro-Trader Daily